Operations strategy: will it ever realize its potential?Since all companies have operations, i. Especially as mastering these basics can directly support your business goals. In this article, we will introduce you to a historical background and the current concept of operation management , its guiding principles , and the everyday activities that are the responsibility of an operation manager. We will also give you an outlook on some of the recent trends that have an impact on this discipline. Operations management involves planning, organizing, and supervising processes, and make necessary improvements for higher profitability. Operations management was previously called production management, clearly showing its origins in manufacturing. Historically, it all began with the division of production, starting as early as the times of ancient craftsmen, but spreading more widely only by adding the concept of interchangeability of parts in the eighteenth century, ultimately sparking the industrial revolution.
Operations Strategy. Principles and Practice. Jan A. Van Mieghem
Operations strategy: will it ever realize its potential? Although the last three decades have seen a steady rise in the perceived importance of operations strategy together with its corresponding literature base, one could argue that it has not yet reached its full potential. This paper reviews some of the reasons why this may be. It starts by briefly examining the importance of operations strategy within the broader operations management area and then examines some challenges to the subject under two headings. The first heading concerns whether operations strategy accurately reflects the nature of 'operations' within the economy. The second heading examines some of the challenges in making any operations-based topic into one that has strategic relevance.
Operations Strategy is one of the most important categories for organizations firms , which apply Operations Management, aimed at cost-effective adaptation under demand changes. Individual efforts to influence the cost, quality and availability and to reach organization's goals are usually wasted. To start determining Operations Strategy in an organization properly we must know the meaning of a strategy and main features of operations strategy. We have to understand how Operations Strategy links with organizational value and competitive strategy and overall business strategy. What questions sould be asked and considered by firm's managers and experts. The essential motion of strategy is captured in the distinction between ends and means. The strategy clearly articulates what to do.
Request PDF on ResearchGate | On Jan 1, , Jan Van Mieghem and others published Operations Strategy: Principles and Practice.
accounting books for sale philippines
Despite tremendous revolutions in technology, organizational practice, and global business in the last fifteen years, traditional BC methodology has become entrenched. It has made only small, incremental adjustments, focusing increasingly on compliance and regulations over improvements to organizational readiness. This has led to a progressively untenable state of ineffectual practice, executive disinterest, and an inability to demonstrate the value of continuity programs and practitioners. Adaptive BC transforms or eliminates the majority of traditional activities in the continuity planning industry. Drawing from the definition, the scope of Adaptive BC:. There are ten principles of Adaptive BC. No single principle takes precedence over any other, nor is there an expected sequence; together the principles should be applied as holistically as possible.
Van Mieghem. Nopartofthisbookmaybereproducedinanyformbyany electronic or mechanical means including photocopying, recording, or information storage and retrieval without permission in writing from the publisher. Business Logistics. MI Van Mieghem Harold L. He teaches a variety of courses in Kellogg s full-time and executive programs, including the core MBA course in operations management, an MBA elective in operations strategy, and a Ph.